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Refer to the following information about the Painting Department in the the month of June. Richardson Factory uses the weighted average method of inventory costing.

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Refer to the following information about the Painting Department in the the month of June. Richardson Factory uses the weighted average method of inventory costing. Beginning goods in process inventory 5,000 units Percentage of completion---Direct materials 70% 25% $7,350 $3,125 40,000 units Percentage of completion-Direct labor /Factory overhead Direct materials costs Direct labor and factory overhead costs Units started in June Ending goods in process inventory(June 30) 4,000 units 40% 10% Percentage of completion-Direct materials Percentage of completion-Direct labor /Factory overhead Costs incurred during this period Direct materials costs $96,975 79,470 Direct labor and factory overhead costs Required (I)Compute the equivalent unit of production for direct materials, direct labor, and factory overhead for June; (2)Compute the cost per equivalent unit; (3)What is the cost of all units that were completed and transferred to finished goods in June? What is the total cost of ending goods in process? G1PiBomnlng>t.gto itol (n1P1EnoAng

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